Tag: Jerome Powell
U.S. productivity unexpectedly posts first decline since 2015
WASHINGTON – Productivity in the United States unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in...
U.S. consumer spending, jobless claims suggest some caution
WASHINGTON – United States consumer spending trailed forecasts in September while weekly applications for unemployment benefits rose more than projected, offering a note of...
Fed cuts rates by one-quarter percentage point while hinting at a...
WASHINGTON – Federal Reserve officials reduced interest rates by one-quarter percentage point for the third time this year and hinted they may now put...
Fed to start buying $60B of treasury bills a month from...
WASHINGTON – The Federal Reserve said it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark...
Fed minutes show debate emerges on when to halt policy easing
WASHINGTON – Federal Reserve officials began debating how far their current interest-rate cutting campaign should extend even as they agreed to lower rates in...
Fed Chairman to speak at Greater Providence Chamber’s annual meeting
PROVIDENCE - This fall’s annual meeting of the Greater Providence Chamber of Commerce is expected to feature one of the world's heavy hitters in...
Fed makes second straight rate cut, splits on further action
WASHINGTON – Federal Reserve policy makers lowered their main interest rate for a second time this year while splitting over the need for further...
Fed seen cutting rates twice more in 2019 before holding steady
WASHINGTON – United States central bankers will trim interest rates by a quarter percentage point next week, and again in December, before leaving the...
Stocks sink, bonds gain as U.S.-China feud deepens
NEW YORK – United States stocks slumped and Treasuries rallied after President Donald Trump said he’ll respond to new Chinese tariffs and blasted Federal Reserve...
Powell says economy in favorable place, faces significant risks
WASHINGTON – Federal Reserve Chairman Jerome Powell said the United States economy is in a favorable place but faces “significant risks” as growth abroad...
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